The Board of Directors’ meeting is underway at Gazprom’s Headquarters.

The Board heard a report in relation to the development of documentation regulating the Gazprom’s top executives’ remuneration system and charged the Management Committee with the task to keep on working in said direction.

Reference:

The Gazprom’s top executives’ remuneration system is focused on:

• meeting Gazprom’s business challenges (set by its shareholders) by raising personal interest of each top manager in the Company’s success
• recruiting and retaining top executives whose competence and efficiency are of importance to the Company

The remuneration system will include two components ensuring the balanced achievement of Gazprom’s short-, mid- and long-term objectives in this sector, namely the annual bonus system and privatization program improvement.

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